Business: Walmart Raises Minimum Wage

Walmart announced this week that it will raise the hourly wages for its employees in April. Half a million low-wage workers in the United States will have their wages lifted to at least $9. This seems to be an attempt by the big-box retailer to curb employee turnover, while also responding to pressure for higher wages from politicians, labor groups, and employees. The company has also pledged to raise their age floor to $10 in 2016. These wage increases will most likely lead to raises for competitor companies like Target and Home Depot.